MCCI welcomes monetary policy

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FE Report
The Metropolitan Chamber of Commerce and Industry (MCCI) has welcomed the half-yearly monetary policy statement of the central bank that favours continuation of the accommodative monetary measures.
In a press release issued Wednesday, MCCI President Abdul Hafiz Chowdhury commended the Bangladesh Bank's announcement that credit needs of the productive sectors would be given priority.
The MCCI president also supported the different components of the new policy statement. "As we find seeing in every available opportunity that such prioritisation is essential to control inflation and thereby ensure a stable macro-economic situation in the country," he said.
However, he said, in today's business scenario, the central bank cannot remain confined to monetary issues only as monetary policy alone will not be of any use to the economy at this critical juncture.